1. May 29, 2013

2. Missouri Technology Corporation

3.  Public-private partnership created by the Missouri General Assembly to lead efforts to promote entrepreneurship and foster the growth of new and emerging high-tech companies  Focus on 21 st Century bioscience industries related to Missouri’s rich history in agriculture  Board of Directors includes individuals appointed by Missouri’s Governor, Speaker of the House, and President Pro Tem of the Senate, and includes the President of the University of Missouri system and the Director of the Department of Economic Development About MTC

4.  Animal Health  Applied Engineering  Biomedical Science  Defense and Homeland Security  Plant Science MTC Areas of Focus

5.  Digital and convergence media  Information technology  Creative content  Clean energy  Advanced manufacturing MTC Area of Focus – Applied Engineering

6. Missouri IDEA Funds

7. On March 22, 2011, Missouri Governor Jay Nixon announced the launch of the $21 million IDEA Seed and Venture Capital Funds initiative that will support the growth of entrepreneurs and high-tech companies.  6 competitive funding rounds completed  188 applications submitted  $118.3 million in co-investment funds requested  69 authorized projects totaling $19.1 million in IDEA Funds  32 companies closed and funded in excess of $10 million raising leveraged capital in excess of $50 million

8.  Missouri TechLaunch  Seed Capital Co-Investment Program  Venture Capital Co-Investment Program  High-Tech Industrial Expansion Program IDEA Seed and Venture Capital Funds

9.  Pre-Seed Stage Financing  Accelerate the commercialization of research discoveries  Experienced Leadership  Industry/Technology  Commercialization  Matching Funds  At least 100%  Close and Transfer in a Syndicate  Viable Plan for Follow-On Financing or Sustainability Missouri TechLaunch Eligibility

10.  Funds may be used for IP development and evaluation  proof of concept work  prototype design  market studies  related business activities  Typically issued as convertible debt Missouri TechLaunch Awards

11.  Seed Stage Financing  Accelerate the commercialization of research discoveries and growth of start-up companies  Experienced Leadership  Industry/Technology  Commercialization  Matching Funds  At least 100%  Close and Transfer in a Syndicate  Viable Plan for Follow-On Financing or Sustainability Seed Capital Co-Investment Eligibility

12.  Funds may be used for advanced IP development and evaluation  proof of concept work  prototype design  market studies  key personnel hiring  related business activities  Typically issued as convertible debt or equity Seed Capital Co-Investment Awards

13.  Venture Capital Stage Financing  Accelerate the growth of start-up companies that can be new Missouri-based corporate headquarters  Experienced Leadership  Industry/Technology  Commercialization  Matching Funds  At least 100%  Close and Transfer in a Syndicate  Viable Plan for Follow-On Financing or Sustainability Venture Capital Co-Investment Eligibility

14.  Funds may be used for advanced IP development and evaluation  proof of concept work  prototype design  market studies  key personnel hiring  related business activities  Typically issued as equity Venture Capital Co-Investment Awards

15.  Funds may be used for business expansion activities  equipment  construction  key personnel hiring  related business activities  Typically issued as secured low-interest debt High-Tech Industrial Expansion Awards

16.  Minimum of 1:1 cash match of new, private investment  Neither federal funds or in-kind contributions can be used as match to IDEA Funds  Matching funds to close in syndication with MTC investment Matching Funds

17. MTC Investment Review Process Application Preliminary Staff Review Due Diligence and Scoring Investment Committee Review Highest-ranked Applications Reviewed by Investment Committee (unless exigent circumstances) Funding Recommendations Issued MTC Board Review Board Considers Recommendations Final Due Diligence and Definitive Documents Tracking Outcomes Awardees Report Outcomes for 10 years Contract Compliance Outcomes Monitored by Investment Committee

18. Questions